Alleged N4.8bn fraud: Court adjourns to May 27 as Ibeto challenges jurisdiction

Justice Oyindamola Ogala of the Lagos State High Court in Ikeja has adjourned the trial of Chairman of Ibeto Energy Development Company, Chief Cletus Ibeto who was charged by the Economic and Financial Crimes Commission over alleged N4.8 billion fraud, till May 27, 2024. The judge fixed the date for further hearing after the defendant's counsel, Adedayo Oshodi, prayed to move an application challenging the jurisdiction of the court to hear the charge.

The EFCC had charged the defendants before the court on a 10-count charge bordering on conspiracy, fraud, forgery and fraudulent use of documents. However, Ibeto is yet to appear before the court to take his plea having challenged the court's jurisdiction to entertain the matter. Recall that the state high court in Port Harcout, Rivers State has given a Judgement on the same issue.

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Alleged N4.8bn fraud: Court adjourns to May 27 as Ibeto challenges jurisdiction bnJustice Oyindamola Ogala of the Lagos State High Court in Ikeja has adjourned the trial of Chairman of Ibeto Energy Development Company, Chief Cletus Ibeto who was charged by the Economic and Financial Crimes Commission (EFCC) over alleged N4.8 billion fraud, till May 27, 2024.
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